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Deere's First-Quarter Net Jumps
On High Demand for Equipment

By

Carl Quintanilla Staff Reporter of The Wall Street Journal

Updated Feb. 18, 1998 12:01 a.m. ET

Deere & Co. said fiscal first-quarter net income jumped 15% on strong demand for farm and construction equipment. But the company warned that effects from the Asian crisis may be softening some of its overseas markets.

Deere, of Moline, Ill., reported record net income of $203 million, or 81 cents a diluted share, compared with $177 million,...